How does GX Biz FlexiLoan work?

GX Biz FlexiLoan is a revolving credit line designed specifically for underserved business entities like Micro Small Medium Entreprise (MSME), allowing businesses to access funds whenever needed. Here's how it works:

Revolving Credit Line: GX Biz FlexiLoan provides businesses with a continuous credit facility. Once approved, you can draw down funds multiple times, up to your assigned credit limit. Each drawdown will need to be repaid over a set period in equated monthly installments (EMI).

Targeted for Businesses: GX Biz FlexiLoan is exclusively for business entities, not individual consumers. It’s designed to support various business needs, from managing cash flow to funding expansion.

Credit Limit: The credit limit is subject to an annual review by GXBank, ensuring that it aligns with both your business’s needs and regulatory guidelines.

Repayment Structure: Repayments are made in equal monthly installments. The interest is calculated based on the outstanding balance, and payments are designed to help reduce the principal with each installment.

Paperless and Fast: GX Biz FlexiLoan offers a seamless, fully digital process through the GXBank app, ensuring quick approval and fund disbursement, with the convenience of managing everything online.